Middle office and investment operations outsourcing provider STP Investment Services has acquired investment operations firm Accusource for an undisclosed amount. The acquisition broadens STP’s service footprint by enhancing its BPO capabilities, the company said in a statement.
STP, which has offices in the US and India, said the acquisition also strengthens its position across the investment industry and enhances the services it provides. Accusource, a privately-owned firm founded in 2008, partners with management firms such as hedge funds, family offices, and asset managers to deliver various services that provide operating efficiencies.
The acquisition reinforces STP’s remarkable growth story, best-in-class operations, technology solutions, dashboards, and reporting portals.